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Digital Music News revealed a royalty statement from Tidal, which is now confirmed to be incorrect by the music streaming company. Tidal claims that they are paying 5 times as much as Spotify in royalties. Read below.

“For the same period (March 2015) as this purported ‘leaked’ statement, TIDAL paid an average royalty per stream of $0.024-0.028, or double the royalty shown in the statement.”

TIDAL is definitely correct on one point: technically, this isn’t a statement mailed from them, because they don’t mail statements directly to smaller labels and artists. Rather, the statement was issued by a digital distributor servicing the independent label in question, which is norm for the industry.

In that same statement, Spotify’s per-stream royalty averaged $0.0048, or 0.48 cents per stream. That fits industry numbers of approximately half-a-penny per stream, though Spotify itself has claimed a higher 0.7 cents per stream (which has never been verified as accurate).